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Showing 501 - 510 of 3579 results for "Consumers"

Australian CPI accelerates to 7.3%

CASSANDRA BALDINI  |  THURSDAY, 12 JAN 2023
... rate of 3.85% by mid-2023. He added jobless rates will most likely remain at current levels in the first quarter while consumers splashing cash now may pull back in February. "Australia is in a bit of a sweet spot compared to many parts of the world ...

Business leaders optimistic in face of inflation

CHLOE WALKER  |  WEDNESDAY, 11 JAN 2023
... investments (33%). To further mitigate costs, 45% of companies are passing up to one-quarter of their increased costs onto consumers, with 83% saying they are likely to continue increasing prices. In 2023, business leaders will focus on the importance ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can expect to receive when making a claim on their life insurance through their super fund. The standard applies to FSC super ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... suggested." "ASIC had concerns that the statements made regarding [Cruelty Free Super] were too broad, potentially misleading consumers as to the extent of the investment screening being implemented," said ASIC deputy chair Sarah Court. "As consumers ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... continues to raise that it's not the right benchmark as it's not aligned with improving member outcomes. Super Consumers Australia director Xavier O'Halloran commented eight million members are now experiencing lower fees because of the greater ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... requires a consumer-first mindset with genuine consideration of the likely objectives, financial situation and needs of consumers being targeted. The TMD needs to be reviewed and applied when developing marketing and distribution strategies to prevent ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... investigation into Goel's misconduct found that between November 2018 and July 2019, the adviser obtained First Nations consumers' superannuation details and submitted falsified benefit access applications or hardship applications to the superannuation ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of financially vulnerable consumers accessing these products, leading to a higher risk of consumer harm. The report found that SACC lenders TMDs lacked detail in ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
... commenced, and six have completed, customer remediation programs," ASIC said. ASIC deputy chair Karen Chester explained consumers need to have the confidence that their insurers will calculate and pay their claims accurately. "With seven life insurers ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
... executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium increases have been applied inappropriately ...